Stratasys Purchases Arevo’s Tech Portfolio
By buying its IP, Stratasys aims to extend its additive manufacturing level of expertise, according to company.
March 5, 2024
Stratasys Ltd., a leader in polymer 3D printing solutions, has acquired Arevo’s technology portfolio, including its intellectual property (IP) estate. Previously based in Silicon Valley, CA, Arevo ceased operations in 2023.
The acquisition of the IP estate includes multiple foundational patents in carbon fiber printing, Z-strength improvement achieved by localized laser melting and roller compaction, in-situ and AI build monitoring, and hardware design. Adoption of this technology in Stratasys FDM print systems enables Stratasys to extend its addressable manufacturing applications for its customers.
Stratasys will be able to accelerate usage of fused deposition modeling printing applications.
“The technology we’ve acquired allows for increasingly improved isotropy of physical properties in FDM parts, which opens up additional use for customers,” says Rich Garrity, Stratasys’ chief industrial business officer. “This investment continues our commitment to focusing our organic and inorganic innovation on applications and use cases that provide real value to our manufacturing customers, ensuring that Stratasys will continue to be the most relevant and attractive partner moving forward.”
This acquisition of assets reflects Stratasys’ strategy to create value for its customers by investing in innovation, through organic research and development by the acquisition of technology and IP.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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